US Private Equity Firm KKR To Buy 2.3% Stake In Jio Platforms For Rs 11,367 Crore

Reliance Industries said on Friday that KKR, a US-based private equity firm, will invest Rs 11,367 crore to buy a 2.3 per cent stake in Jio Platforms. This marks the fifth fundraising deal in a month for Reliance Industries' subsidiary Jio Platforms, after investments by Facebook, General Atlantic, Silverlake and Vista Equity Partners. The five deals will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate's digital services entity that houses Reliance Jio Infocomm to help it pare debt. The transaction is subject to regulatory and other customary approvals.


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